10 Tips to Help Take the Stress Out of Home Buying

By
Real Estate Agent with Coldwell Banker- The Real Estate Group, Inc.

Buying a home should be fun, not stressful. As you look for your dream home,  keep in mind these 10 Tips for making the process as peaceful and stress free as possible.

  1. Find a Real Estate Agent who you can connect with. Home buying is not only a big financial commitment, but also an emotional one. It's critical that the Realtor you choose is both highly skilled and a good fit with your personality.
  2. Remember, there's no "right" time to buy, just as there's no perfect time to sell. If you find a home now, don't try to second-guess interest rates or the housing market by waiting longer- you risk losing out on the home of your dreams. The housing market usually doesn't change fast enough to make much difference in price, and a good home won't stay on the market long.
  3. Don't ask for too many opinions. It's natural to want reassurance for such a big decision, but too many ideas from too many people will make it much harder when it's time to make a decision. Focus on the wants and needs of your immediate family- the people who will be living in the home.
  4. Accept that no house is ever perfect. If it's in the right location, the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the bathroom is dated. Make a list of your top priorities and focus in on the things that are most important to you. Let the minor ones go.
  5. Don't try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to "win" by getting an extra-low price or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take.
  6. Remember your home doesn't exist in a vacuum. Don't get so caught up in the physical aspects of the house itself- room size, kitchen, etc, -that you forget about important issues such as noise level, location to amenities, and other aspects that also have a big impact on your life.
  7. Plan ahead. Don't wait until you've found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.
  8. Factor in maintenance and repair costs in your post home buying budget. Even if you buy a new home, there will be costs. Don't leave yourself short and let your home deteriorate.
  9. Accept that a little buyer's remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big financial commitment and it also yields big benefits. Don't lose sight of why you wanted to buy a home and what made you fall in love with the property you purchased.
  10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated a historically stable average of 5.4 percent annually (National Association of Realtors),  a home's most important role is to serve as a comfortable, safe place to live.

An important thing to remember is that you don't have to go through the home buying process alone. I can't emphasize enough how important it is to have the right Realtor by your side. For a smooth, easy and stress-free as possible home buying experience in the Fox Cities Valley and Appleton, WI; call Bob Edwards from Coldwell Banker- The Real Estate Group today! 920-202-2431 is my cell phone or email me at bedwards@coldwellhomes.com to schedule a no cost, no obligation consultation.

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Re-Bloggged 7 times:

Re-Blogged By Re-Blogged At
  1. Sara Kareer 11/02/2009 02:03 PM
  2. Linda Ferrara 11/04/2009 11:03 AM
  3. Patty Mortara REALTOR, ABR, CRS | Hunterdon County (NJ) 11/04/2009 11:06 AM
  4. Erica Ramus 11/23/2009 03:31 PM
  5. Trisha Pennington 11/23/2009 08:46 PM
  6. Gwenn Tanvas 11/25/2009 12:36 PM
  7. Harris Booker 12/18/2009 12:04 PM
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Topic:
Home Buying
Location:
Wisconsin Outagamie County Appleton
Groups:
Active Rain Newbies
REALTOR LIFE
Realtors®
Tags:
tips
home buying
realtor
appleton
fox cities valley
coldwell banker
the real estate group

Comments 19 New Comment

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Rainer
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Lori Stanford
Marquee Realtors

Great tips!! I will definitely repost this on my site--

February 21, 2010 10:48 PM
Rainer
13,622
Becky Washam
BW Home Team

As so many before have said, great tips Bob!  The homebuying experience can be so stressful and people need their agent to keep them focused and look out for their best interests, not the agent.  Your tips are dead on! 

March 23, 2010 02:18 PM
Rainer
19,539
Hans Ziegenbein
Illinois Realtor, Chicago Residential Real Estate
@properties

Good tips Bob, thanks.

March 27, 2010 02:53 PM
Rainer
3,315
Marilyn Baumgartner
McGraw Realtors

Thank you, Bob and I was able to reblog!!!

April 28, 2010 07:22 PM
Anonymous #19
Anonymous
Marsha Montoya Mayer- Realtor

Bob,

Thank you for the very clear and on-target advise.  very useful !

September 25, 2010 09:18 AM
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Rainmaker
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Bob Edwards

Fox Cities Real Estate Hotline, SFR- Appleton, WI
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